TopBuild Corp. (NYSE:BLD) Given Consensus Recommendation of “Hold” by Analysts

TopBuild Corp. (NYSE:BLD) has been given a consensus rating of “Hold” by the fifteen research firms that are currently covering the company, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $466.7662.

BLD has been the subject of a number of recent research reports. UBS Group set a $440.00 price objective on shares of TopBuild in a report on Wednesday, May 6th. Weiss Ratings cut shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. Loop Capital cut shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price objective for the company. in a report on Wednesday, May 6th. Royal Bank Of Canada upped their price objective on shares of TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a report on Friday, February 27th. Finally, Zacks Research upgraded shares of TopBuild from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th.

Institutional Investors Weigh In On TopBuild

A number of large investors have recently bought and sold shares of BLD. Victory Capital Management Inc. lifted its position in TopBuild by 464.5% during the 4th quarter. Victory Capital Management Inc. now owns 777,666 shares of the construction company’s stock worth $324,434,000 after acquiring an additional 639,915 shares during the last quarter. Capital International Investors boosted its holdings in TopBuild by 71.1% during the fourth quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock valued at $633,346,000 after acquiring an additional 630,857 shares during the period. Orion Porfolio Solutions LLC boosted its holdings in TopBuild by 7,961.7% during the second quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock valued at $128,119,000 after acquiring an additional 390,838 shares during the period. Norges Bank bought a new stake in TopBuild during the fourth quarter valued at about $104,947,000. Finally, Artisan Partners Limited Partnership bought a new stake in TopBuild during the fourth quarter valued at about $101,450,000. 95.67% of the stock is currently owned by institutional investors.

TopBuild Trading Up 0.8%

TopBuild stock opened at $421.01 on Friday. The company’s fifty day simple moving average is $400.19 and its 200-day simple moving average is $434.55. The company has a quick ratio of 1.41, a current ratio of 2.00 and a debt-to-equity ratio of 1.16. TopBuild has a 12 month low of $273.87 and a 12 month high of $559.47. The stock has a market cap of $11.85 billion, a P/E ratio of 23.65, a P/E/G ratio of 4.86 and a beta of 1.85.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.11. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.41 billion. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. TopBuild’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the prior year, the company posted $4.63 earnings per share. As a group, sell-side analysts forecast that TopBuild will post 18.15 EPS for the current fiscal year.

TopBuild Company Profile

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.